January industrial output grows 2.4 per cent

India's industrial production grew 2.4 per cent in January from a year earlier, government data showed on Tuesday. Analysts polled by Reuters had expected the output to grow 1.2 per cent annually. Revised data for December showed production at factories, mines and utilities shrank 0.5 percent compared with 0.6 per cent contraction earlier.

Manufacturing, which constitutes about 76 per cent of industrial production, grew 2.7 per cent from a year earlier, the federal statistics office said.

In the April-January period, industrial production expanded an annual 1.0 per cent.

Manufacturing, which constitutes about 76 per cent of industrial production, grew 2.7 per cent from a year earlier, the federal statistics office said.

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